Mihran Poghosyan was forced to resign from his post as Armenia’s Chief Compulsory Enforcement Officer after being tracked as the owner of off- shore companies that had won government tenders. This was considered a conflict of interest.

If true, the revelation, which emerged from the so-called Panama Papers leak, means that Mr Poghosyan had lied when he said that he had dropped his business interests before assuming office.

And, in a rare move for a senior official in the region, he resigned and said he will fight a legal battle in court to demonstrate his innocence.

The Panama Papers still have some distance to run and it is likely that more revelations will come out about senior officials and government leaders in the region.

What is far less likely, though, is that these revelations will trigger more resignations.